Reports: Damian Lillard agrees to max 2-year extension with Trail Blazers

LAS VEGAS (AP) — Damian Lillard and the Portland Trail Blazers have agreed to terms on a $122 million, two-year extension that keeps the Olympic gold medalist under contract through the 2026-27 season, a person familiar with the negotiations said Friday.

Lillard will make about $59 million in 2025-26, then about $63 million the following year, said the person who spoke to The Associated Press on condition of anonymity Friday because the extension has not been announced.

He will make about $137 million over the next three seasons before the extension kicks in.

Here’s a breakdown of Lillard’s contract:

Current contract

22-23: $42.5 million
23-24: $45.6 million
24-25: $48.8 million

Extension*

25-26: $58.5 million
26-27: $63.3 million (P)

Extension numbers can be adjusted based on the salary cap in 2025-26. Can’t exceed 35% of the cap for that season.

— Bobby Marks (@BobbyMarks42) July 8, 2022

Lillard is a six-time All-Star who spent all 10 of his NBA seasons in Portland. He was limited to 29 games last season because of a core injury that required surgery, and he told ESPN in a television interview early Friday that the rest — while disappointing — should help him in the long run.

“My body is stronger than it was before in certain areas,” Lillard said while watching NBA Summer League games in Las Vegas.

Lillard, who turns 32 on July 15, also said the mental rest has been helpful, along with the physical rest.

He averaged 24.6 points in his career, is a six-time All-NBA player and was named a member of the top 75 players in the league as part of the NBA’s 75th anniversary celebration this past season.